Question

India's economy is of mixed type.give geographical reason​

Answer 1

Answer:

In a mixed economy, private and public sectors go side by side. The government directs economic activity in some socially important areas of the economy, the rest being left to the price mechanism to operate.

Before Independence, Indian economy was a ‘laissez faire’ economy. But post-independence, she adopted the mixed economy system.

Thus, it is clear from the following arguments that our economy is a mixed economy.

Answer 2

Answer:

India's economy is considered to be of mixed type because both the public as well as the private exist in the market. Both have the right to operate and there is no hindrance regarding the operation. ... Public and private sectors are the basis of the Indian economy with privatization making a big difference.